Saturday, October 17
Instant beverage maker Rasna on Monday announced that it has acquired the brand Jumpin from Hershey's India for expanding into the ready-to-drink category. Rasna did not disclose the amount it has paid for the 100 per cent acquisition of the brand. However, it indicated that independent agencies have valued the brand at Rs 350 crore. Piruz Khambatta, Rasna's chairman, said the company has acquired only the brand from Hershey's and not the manufacturing asset. It will be using the same manufacturing facility going ahead. Jumpin was originally launched by the Godrej Group and was subsequently managed by Hershey's India, as per an official statement. Khambatta said Jumpin has advantages like its heritage, perception as a family brand which is not in the energy drink category and a pioneer
The geography of employment in the US is being shaped by two distinct trends. The first is low levels of housing churn and, therefore, interstate migration, a normal part of the business cycle that should eventually turn around. More consequential are signs that artificial intelligence is beginning to suppress hiring in some of the most technology-centric parts of the country such as the San Francisco Bay Area — a shift that may portend a structural change in the labor market.This is a useful time to look at changes in employment growth in different parts of the country and compare these with the pre-pandemic economy, since overall job growth is currently only a touch lower than it was in 2019. US employment grew 1.2% in April from a year earlier, close to the 1.3% growth seen in 2019.Le
